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The New Mexico Independent going forward

By | 11.16.11

I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…

EIB hears more anti-cap-and-trade testimony

Mesa Verde 80
By | 11.10.11

While environmental activists played their part yesterday during demonstrations at the capitol building, going so far as to dress up as solar panels and to sing the tune of “You Are My Sunshine,” their counterparts, the anti-cap-and-trade contingency who has…

New Mexico’s largest university low in popularity

jobs-80
By | 11.10.11

Roughly one quarter of University of New Mexico students are unimpressed with the state’s flagship public school, according to a survey that questioned college students about their higher education experiences.

Guv to NM: How do you like the sound of tax rebates and tax holiday?

By | 07.17.08 | 9:51 am

The Associated Press is reporting that Gov. Bill Richardson will announce today that he will add to the agenda of a special legislative session a proposed tax rebate for New Mexicans and a 10-day tax holiday in November.

The AP goes on to report:

The proposals are part of an economic relief package for New Mexicans that the governor will ask lawmakers to approve during a special legislative session, which he plans to call in September."<

Richardson proposes suspending the gross receipts tax on certain purchases from the day after Thanksgiving, Nov. 28, through Dec. 7. The day after Thanksgiving traditionally kicks off the holiday shopping season.

Gilbert Gallegos, a spokesman for the governor, said Wednesday that the tax break would help families getting ready for the Christmas holiday and cover certain items, including clothing and some electronics like laptop computers. The proposal is expected to cost about $1.9 million in the current budget year.

Since 2005, New Mexico has offered a three-day tax holiday before school starts on purchases of some clothing, school supplies and computers. It will be Aug. 1-3 this year.

No details of the governor’s tax rebate proposal were released.

Richardson and the Legislature last agreed to give New Mexicans tax rebates in 2005 when the state was swimming in dollars from oil and gas revenue.

Gallegos said on Wednesday that despite the new proposals health care reform remains the top priority of the special legislative session.

 

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